UDOW vs. TSLA
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and Tesla, Inc. (TSLA).
UDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UDOW or TSLA.
Performance
UDOW vs. TSLA - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 38.42% return, which is significantly higher than TSLA's 29.07% return. Over the past 10 years, UDOW has underperformed TSLA with an annualized return of 20.23%, while TSLA has yielded a comparatively higher 34.08% annualized return.
UDOW
38.42%
1.33%
20.51%
71.88%
12.49%
20.23%
TSLA
29.07%
44.91%
80.73%
37.30%
68.83%
34.08%
Key characteristics
| UDOW | TSLA | |
|---|---|---|
| Sharpe Ratio | 2.18 | 0.52 |
| Sortino Ratio | 2.77 | 1.23 |
| Omega Ratio | 1.36 | 1.15 |
| Calmar Ratio | 2.35 | 0.49 |
| Martin Ratio | 11.57 | 1.40 |
| Ulcer Index | 6.17% | 22.88% |
| Daily Std Dev | 32.82% | 61.10% |
| Max Drawdown | -80.29% | -73.63% |
| Current Drawdown | -5.70% | -21.77% |
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Correlation
The correlation between UDOW and TSLA is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
UDOW vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and Tesla, Inc. (TSLA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
UDOW vs. TSLA - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.88%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 0.88% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UDOW vs. TSLA - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for UDOW and TSLA. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. TSLA - Volatility Comparison
The current volatility for ProShares UltraPro Dow30 (UDOW) is 13.34%, while Tesla, Inc. (TSLA) has a volatility of 28.91%. This indicates that UDOW experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.